China
POSTED BY: THG
UPDATED: Friday, September 4, 2026 03:35
VIEWED: 34683
PAGE 35 of 53
I'm shocked that Ted would listen to somebody who makes sense more often than not like Peter Zeihan.
Also by Peter Zeihan:
Quote:
Ok ok ok fine I'll do it. For the past few months I've been putting out videos on a host of topics, and I've mentioned as an aside that electric vehicles are on average a bad idea that will not be with us all that much longer, but I've failed to make good on the promise of "a topic for another video"...until now.
That's what I've been telling you two dipshits for years now.
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Political correctness is just tyranny, with a smiley face.
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Yuan Overtakes Yen For 4th Place In Global Payments
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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
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Quote:
Originally posted by SIGNYM:
Yuan Overtakes Yen For 4th Place In Global Payments
- SIGNYM
And again, comrade stupid is suggesting countries will try and unseat the dollar. Why, because she hates America. Pay attention dummy.
T
Global Currency: The Dollar Ain't Going Nowhere
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Quote:
Originally posted by SIGNYM:
Yuan Overtakes Yen For 4th Place In Global Payments
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
And the Japanese just bought US Steel after 122 years of operations.
I wonder how many US companies China is going to be allowed to buy with our
corrupt government not keeping it from happening this year.
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Political correctness is just tyranny, with a smiley face.
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T
U.S. supports Japan joining UNSC as permanent member: PM Kishida
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Try to keep up Jack...
T
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Dollar’s Share in Central-Bank Reserves Declines, IMF Data Shows
https://www.bloomberg.com/news/articles/2023-12-22/dollar-s-share-in-c
entral-bank-reserves-declines-imf-data-shows
For context, that means...
US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low
https://www.imf.org/en/Blogs/Articles/2021/05/05/blog-us-dollar-share-
of-global-foreign-exchange-reserves-drops-to-25-year-low
*****
First of all, the dollar isn't going to disappear. It isn't even going to lose its reserve status for a long time. Not in the next five years, anyway.
But when the SWIFT posts about the percent of international transactions in USD, they can only know about payments made thru the SWIFT payment system. (SWIFT is an international bank-to-bank electronic payment system based on Belgium, much like ACH within the USA. SWIFT stands for Society for Worldwide Interbank Financial Telecommunications )
What you probably haven't realized is that there are now several NON-SWIFT payment systems in place, and more coming online soon. Many of them will be based on CBDCs (Central Bank Digital Currencies.)
For example, since Russia has been booted out of SWIFT (an incredibly stupid move, if you ask me) ALL PAYMENTS TO RUSSIA ARE COMPLETELY INVISIBLE to western tracking.
All trade between Russia and China .... poof! Invisible!
All those exchanges between Russia and Iran ... poof!
All those payments that India makes for Russian oil ... poof! All those African payments for grain and nuclear power plants and weapons systems ... poof!
Pretty soon, Saudi Arabia will be selling oil outside of the SWIFT too. Of course, they'll still accept dollars and euros thru the SWIFT system, but it won't be exclusive to that.
So even tho trade and payments bypass the dollar and SWIFT, the BIS/IMF etc won't be able to track it.
THAT is de-dollarization.
*****
And that's OK, as long as our trading partners continue to accept the dollar at current value. The rub comes in if the value of the dollars falls. Then everyone import ... which is a lot ... becomes more expensive.
About SWIFT:
https://www.investopedia.com/terms/s/swift.asp
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
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Quote:
Originally posted by THG:
Try to keep up Jack...
I'm not keeping up with any of your bullshit, moron.
You're the dumbest person I've ever known both online and in real life.
And stop trying to kiss Second's ass. He's never going to even reply to you. Second hates you.
--------------------------------------------------
Political correctness is just tyranny, with a smiley face.
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Quote:
Originally posted by SIGNYM:
Dollar’s Share in Central-Bank Reserves Declines, IMF Data Shows
https://www.bloomberg.com/news/articles/2023-12-22/dollar-s-share-in-c
entral-bank-reserves-declines-imf-data-shows
For context, that means...
US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low
https://www.imf.org/en/Blogs/Articles/2021/05/05/blog-us-dollar-share-
of-global-foreign-exchange-reserves-drops-to-25-year-low
*****
First of all, the dollar isn't going to disappear. It isn't even going to lose its reserve status for a long time. Not in the next five years, anyway.
But when the SWIFT posts about the percent of international transactions in USD, they can only know about payments made thru the SWIFT payment system. (SWIFT is an international bank-to-bank electronic payment system based on Belgium, much like ACH within the USA. SWIFT stands for Society for Worldwide Interbank Financial Telecommunications )
What you probably haven't realized is that there are now several NON-SWIFT payment systems in place, and more coming online soon. Many of them will be based on CBDCs (Central Bank Digital Currencies.)
For example, since Russia has been booted out of SWIFT (an incredibly stupid move, if you ask me) ALL PAYMENTS TO RUSSIA ARE COMPLETELY INVISIBLE to western tracking.
All trade between Russia and China .... poof! Invisible!
All those exchanges between Russia and Iran ... poof!
All those payments that India makes for Russian oil ... poof! All those African payments for grain and nuclear power plants and weapons systems ... poof!
Pretty soon, Saudi Arabia will be selling oil outside of the SWIFT too. Of course, they'll still accept dollars and euros thru the SWIFT system, but it won't be exclusive to that.
So even tho trade and payments bypass the dollar and SWIFT, the BIS/IMF etc won't be able to track it.
THAT is de-dollarization.
*****
And that's OK, as long as our trading partners continue to accept the dollar at current value. The rub comes in if the value of the dollars falls. Then everyone import ... which is a lot ... becomes more expensive.
About SWIFT:
https://www.investopedia.com/terms/s/swift.asp
- SIGNYM
You're all over the place. Here is you from a thread you created in 2017 titled, the death of the dollar. You also describe how the country is going to collapse as well. I can go back through the thread and post your posts from different times. Every few months you claim the dollar and the country are doomed.
You're a clown comrade. When you get caught spewing bullshit you always sing another tune; like now dummy. Peter Zeihan said it. You people who hate America start this same shit every few months, and he nailed it. I offer you and your thread as proof.
T
Quote:
Originally posted by SIGNYM:
The death of the dollar?
POSTED BY: SIGNYM _ Monday, July 31, 2017 9:45 PM
I'm posting this here because I don't know what to make of it.
I'm used to ZeroHedge always posting about the end of the stock market, the end of the Fed, the end of the dollar, the end of financial system ... the end of something. Ditto gold bugs ... they have been saying (for years) that the dollar is way overvalued and is bound to crash.
But lately ... within the past month or so ... all of those "out there" analysts are only talking about ONE thing, and it's the (planned) end of the dollar. According to them, it's not Russia or China manipulating this, it's the IMF.
So, as best as I can gather, it's supposed to happen like something like this:
The Central Banks will start to sell the assets that they purchased as part of "quantitative easing". Our Fed is already reducing its "balance sheet".
There is going to be a period ofNOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Russia wants to topple dollar dominance, but it isn't even able to deliver oil to India with alternative currencies
Payment issues have delayed shipments of Russian Sokol crude oil to Indian Oil Corp.
India prefers rupee payments, but Russia is unwilling to use the currency.
And the Rosneft unit selling the oil hasn't been able to open a bank account in the UAE to accept dirham payments.
https://www.msn.com/en-us/money/markets/russia-wants-to-topple-dollar-
dominance-but-it-isn-t-even-able-to-deliver-oil-to-india-with-alternative-currencies/ar-AA1m54ew?ocid=msedgntp&pc=HCTS&cvid=b58613ee45b247f896c97cf9b20c4dd8&ei=40
Too funny aye comrade signym. I guess the dollar will live another day.
T
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